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<br /> Unless otherwise agreed in writing,all insurance praceeds shall be applied to Wc restoration or repair of the Property 'r. -
<br /> or to the Sec�ared Debt,whether or not then due,at Lender s oprion.Any application of proc�eds to principal shall not _• . `.v;,
<br /> extend or postpone the due date of the scheduled payment nor change the amount of any payment.Any excess will be • � -_
<br /> paid to the Graator.If the Praperty is acquired by Lender.Grantoi s right to any insurance policies and proceed5 . :�
<br /> resulan�from damage to the Property before the acquisivan shall pass to Lender ta the extent of the Secured Debt . � �
<br /> � immediately[sefore the acquisitian. � � � �
<br /> Z0. ESCROW F�I3 T�ES f►ND WSU�NCE.Unless otherwise provided in a separate agreement,Grantor�vill not Y" � �.`_V�_
<br />_:_ be required to pay to Lender tunds for taxes and insurance in escrow. , •. � : ,. :
<br />-�°� yL. CiNAi�iC4Al.ftEPORTS AND ADDiTlOt�1AL DOCbJMENTS.Grantor wil!provide to Lender upon request,any . .
<br /> financial statement or informatian L,ender may dcem reasonably necessary.Grantar agrees to sign,deliver,and file �,_ __
<br /> any addirionaf documents or certifications that L,ender may consider necessary to perfect,continue,and preserve „ t ;v
<br /> Grantoi s obligations under this Security Instrument and Lender s lien status on the Property. j; , .' �w='--:�•--°•- _`_
<br /> ` �, ;.;,:_. _:..,
<br /> - 2E. dOIIVT AND INDIdmUAL LIABILITY;CO-SIGNERS:SUCCESSORS AI�ID ElSSIGNS BOUND.All duties :.... .'�:,�,:,:::., ,:'-�
<br /> under this Security Instsum�nt are jaint and individuad. If Grantor signs this Security Instnunent but does not sign an - ,;.• �:; �._ ;.��.•'.�}���.
<br /> - evidence of debt,Grantor does so only to mortgage Grantoi s interest in the Property to secure payment of the . -:`�• :=�:•�.-==_
<br /> � Secu►°d Debt and Grantor daes nat agree to be pe�sonally liable on the Secured Debt. If this Sec�uity Instrument . '.t;'_d~,W.��:_'�:':`�"-
<br /> secures a guaraLty between Lender and Grantor, Grantor agrees to waive any rights that may prevent I.eader from rr�; .. -�
<br /> bringing any action or claim against Grantor or any party indebted under the abGgatian.These rights may include,but , w�+""'��_-
<br /> -. ue not limited to,any anti�efiaency or one-action laws.Grantor agrees that I.ender and any party to this Security ' r�rt�;�at�;_._
<br /> Instrument ma extend,mod' or make an chan e in We temis o f t h i s Securiry I n s t n i me n t o r a n y e v i d e noe of debt °'.�� �;s�,
<br /> n,, y �Y Y S .:.� i. '�`'v�`:.:
<br /> without Grantor's oonsen� Such a change wili noi release Grantor from the terws of this Security Instnuuent The :7{:. ,�� �
<br /> ' duties and benefits of this 5ecuriry Instrument shall bind and benefit the successors and assigns of Grantor an�Le�der. } « � "�„ �:,..
<br /> ' 23. APEA.ICABLE LAW;3EVERAB�.iTY;RVTERPRE'iA iTIION.T6is Security Instrument is governed by th��zss of a Rs����,�.
<br /> `��� the jwisdiction in which Lender is lacated,escept to the extent otherwise require�by the laws of the ju�ction ._��,;.-� �rys: t�:2-
<br />:::uz� , '�-- -
<br />__ where the Property is lacated.This Security Instniment is complete and fully integraSCxf.T`his Security Instnuneni may ^ . � :� �;�i=:
<br /> not be amende��or modified by oral agreement.Any section in this Security Instrument,attachments,or any _ � _ �. ,.� ��*�'�=
<br /> agreement related eo the Secured Debt that conflicts with appGcable law will not be effective,unless that law expressly ; �'.�``;'���`•, t;+r.
<br /> h otbe enforced ,;`` " s,``�r•r.�..,t%,,.�`
<br /> �, or impliedly pemuts the variataons by written agreement.If any section of this Securit�Instrument cann • �<�.;�„ ,� ..
<br /> according to its terms,that sectian will be severed and will not affect the enfor�ability of the remainder of tius �` �,r:qs•� �°�
<br /> �_ >�•�. ..• �
<br /> gec�rity Instrument Whenever used,the singular shall inctude the plural and the plural the singular.'I'he captions and . . �, t • {�..
<br /> ��F� '. .
<br /> headings of the sedions of this Security Insuument are for convemence only and are not to be nsed to interpret or � . �:'..�;��
<br /> de6ne the terms ofi this Seccuity Instrument.T'une is of the essence in this Secnrity Instrumen� �:i`�;`,;;_'•
<br /> IA. SUCCESSOR'li'Ai USTEE.Leader,at Lender's option,may from time to time remove Tnutee and appoint a - �t' �`�`�='a�`��
<br /> - successor trustae without any oiher formality than the designation in arriting."Che successor trustee, without . �����•`�"-
<br /> ,�•�
<br /> - convevan�of the Property,shaU succeed to all the titY"power nnd duties wnferred upon Trustee by this.�ra�erity _ '' ={�'"�'•'�.�'- �_
<br /> , .;�{•<;`' _.
<br /> :�`��� : Instrument and apoi'scable law. � ����
<br /> i�:; � s��;:,,r �', '',!�'
<br /> ' ZS. 1�TpTICE,Unless a�erwise required by la,e,any notice shall be given by delivering it or by maeling it 6}fir�cdass . .�,r. .:"•'' `•,
<br /> , mail to the appra�^4�te party's address o���e 1 of this Security Instrument,or to any other a��ress designated'm ' �<�.,.•-x.•.�s� �;,,�`��
<br /> �,�."'.s;� :'-�..
<br /> writing.Notice to one grat►taz ail be deemerl to be notice to all grxntors. ; �r...�. �`;;='i::��``°�`
<br /> gra►
<br /> � Zb� {�ypl�tERS.Except to the e��.rt paohibited by law,f rantor waives all appraisement and homestead exemptio�;rig�ts ,�:�`-.
<br /> relating to the Property. j ' .
<br /> 27. OT�R TERiViS.lf checke�.c`.e foUowin aze a licable ta this Securi Instrument �'A'�
<br /> g PP tY '!�!"�'`�:�;�(�::_:_
<br /> � C��.i ae o f C m e d i��ie S�c u r e d D e b t i n c l u d e s a r e v o l v i n g G n e o f c r e d i t p r o v i s i o n. A l t h o u�t h e S e c u r e d Debt ' . _ --
<br /> may be red�a:d to a r.c:r�balance,this Security Instrument will remain ia effect until released. --
<br /> ❑ ConstmdIon i.oas.T.f�i.h Security Instrumeat�xures an obligation incuned for the constructi<;���f an __ _ _ �--.-,.
<br /> .;�`� improvement on the L'�:F�:ty.
<br /> � ❑ Flrime FUing.Grantos�.�t�s w LeaY�er a ses�ui.'.y interest in ali goods that Grantor owns now or in the . . __
<br /> � fuwre and that are or will be�am.c fi�x:res related to tlte Pr��rty.This Security Instcument suffices as a � � •.�
<br /> �� financing statement and any carticc,,+:��tograF'i'.c cz oiher n:�scoduction may be 61ed a[mecord for purposes � .--�•s-=�
<br /> Sr .��.^-a,�
<br /> :: of Articte 9 of the Un���Commercial Code. '�'�'' �°••'
<br /> �.��:� '
<br /> . ❑ Riders.The covenant�and agreements of each of the riders checked�elow are incorporated into and n���;: _
<br /> �;���..�..:-•..---
<br />' supplement and amend the terms of this Security Instrumen�[Check all applicable boxes) _ _
<br /> . ❑Condominium Rider ❑Planned Unit Development Rider ❑Other.......................................................... � �' �_-
<br /> .. ❑ AddiUonnl Terms. .`�
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<br /> SIICrI�/�G�RES:B}/S1gi11Ag t1CI0W.Grantor agrees to the r�=r,r_�and covenants wntainc�i in this Security Instrument and in ����''°�''�-- _
<br />�;;,i;��' any at4ac4�ments.Grantor also acknov�ledges receipt af a c�:p�of this Security Inst�iment on the date stated on page 1. ���� �,:. °` ;;: —
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<br /> � . .. ,.�,�......12/31/96 ..... ........... �..12/31/�b �,sie::�:'.,:�.�'� . `�,
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<br /> ;.�: (si�at�iej� G �ARD.�^sR �(Date) (Signatute)� CA QLY� �S� HARDER �(Date)� � t� -
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<br /> ACKNOWLEII2GI�NT: NBBRASRA HALL ' . • :
<br /> ST�'I'E OF.............. ............................... ............CO F........................ ss. : .��•:
<br /> . ... •• ��� DECL�tSER............t'�.� .Q-
<br /> . ... da of............................................................... . . .
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<br /> «,�,��,� ��b��{�D�°���ce�0��9`�uAfl���°r��au'�U'i'fY8'............. y ' —
<br /> Mycommission expires:...................................................... ...... ...'................»... ............................. � � :• .�.;.
<br /> ' � .<�r�otary Public)-• •..................................... t. .��a..w—
<br /> � : , c�+�uNOtu�r•s�uorkea+s►, . . �
<br /> SCOTT C.NISSIER
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